High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives,...
Canada September employment change +46.7K vs +27.0K expected
Prior month +22.1KUnemployment rate 6.5% vs 6.7% expectedPrior month employment rate 6.6%Full-time employment +112.0K vs -43.6K prior (largest since May 2022)Part-time employment -65.3K vs +65.7K priorParticipation rate 64.9% vs 65.1% priorAverage hourly wages y/y...
ForexLive European FX news wrap: Markets quiet, eyes on more US data, Canada jobs
Headlines:Markets:GBP leads, JPY lags on the day European equities slightly higher; S&P 500 future down 0.1%US 10-year yields up 0.4 bps to 4.098%Gold up 0.6% to $2,645.40WTI crude down 0.7% to $75.29Bitcoin up 2.4% to $61,143It was a quieter session as markets...
What is the distribution of forecasts for the US PPI?
The ranges of estimates are important in terms of market reaction because when the actual data deviates from the expectations, it creates a surprise effect. Another important input in market's reaction is the distribution of forecasts. In fact, although we can have a...
What would it really take for a pullback in gold prices?
Even with the dollar having strengthened and traders scaling back to pricing in a 25 bps move for the Fed in the past week or so, it hasn't really fazed gold prices whatsoever. There was a mild dip back towards $2,605 earlier this week but that didn't last with prices...
GBPUSD Technical Analysis – The bearish momentum run out of steam
Fundamental OverviewYesterday, the USD got a boost from a higher than expected US CPI report but gave back the gains pretty quickly. There are two reasons for such a reaction.The first is that at the same time of the US CPI release we got the US Jobless Claims figures...
EURUSD Technical Analysis – The market needs more to extend the USD gains
Fundamental OverviewYesterday, the USD got a boost from a higher than expected US CPI report but gave back the gains pretty quickly. There are two reasons for such a reaction.The first is that at the same time of the US CPI release we got the US Jobless Claims figures...
EUR/USD continues to keep near key support level for now
EUR/USD daily chartThere is a light extension to the narrow range today with the pair now clipping 1.0950. That being said, it is still keeping within a ~23 pips range only for the day. There are some large option expiries as well at 1.0930 and 1.0950 that should...
USDCAD Technical Analysis – We are near a key resistance
Fundamental OverviewYesterday, the USD got a boost from a higher than expected US CPI report but gave back the gains pretty quickly. There are two reasons for such a reaction.The first is that at the same time of the US CPI release we got the US Jobless Claims figures...
IC Markets Announces the Launch of Season 5 of ICYT, Produced by Bloomberg Media Studios
IC Markets is excited to announce the launch of the highly anticipated fifth season of IC Your Trade (ICYT), produced in collaboration with Bloomberg Media Studios. This season brings a sharper focus on the latest market developments, offering traders timely insights...
Fed’s Goolsbee: Inflation has cooled, labour market remains strong
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives,...
A quiet start to the session so far
Major currencies aren't showing much appetite with dollar pairs keeping lightly changed still in the opening hour in Europe. Here's a snapshot of things so far on the day:Dollar pairs are pretty much keeping within 0.1% change with narrow ranges prevailing for the...
USDJPY Technical Analysis – The US CPI fails to trigger a breakout
Fundamental OverviewYesterday, the USD got a boost from a higher than expected US CPI report but gave back the gains pretty quickly. There are two reasons for such a reaction.The first is that at the same time of the US CPI release we got the US Jobless Claims figures...
Germany September final CPI +1.6% vs +1.6% y/y prelim
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives,...
More US data and Fed speak to keep markets interested as the week winds down
The two key releases above will be ones to watch but after the bigger ones yesterday, it might be a tall order to trigger markets into moving really. As mentioned here, it seems that the bar is relatively low now for the Fed to move by 25 bps. And for a pause next...
Dollar push and pull yesterday but didn’t move a whole lot in the end
In case you missed the key headlines:The inflation numbers were higher than estimated while initial jobless claims jumped up as well, with little hurricane-related impact to note. The dollar posted gains on the back of that but it was all quickly erased. That before...
ForexLive Asia-Pacific FX news wrap: Major FX trades mainly sideways
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives,...
Israel’s army said its killed top commander of Palestinian militant group Islamic Jihad
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives,...
Elon Musk just unveiled the Robotaxi at Tesla’s “We, Robot” event
The Robotaxi on display at the event has no steering wheel, no pedals. Fully autonomous apparently. Musk says 50 built so far. TSLA shares have caught a bid. It probably doesn't need to be said, but be careful of overhyped promises from events like these.. Musk says...
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